Common use of Issuance of RSU Shares Clause in Contracts

Issuance of RSU Shares. On or as promptly as is practicable after the respective Delivery Date(s), the Company will issue the RSU Shares registered in the name of the Grantee, the Grantee’s authorized assignee or the Grantee’s legal representative, as applicable, and, upon request, will deliver certificates representing the RSU Shares with the appropriate legends affixed thereto. The Company may reasonably postpone the issuance of the RSU Shares until it receives satisfactory proof that the issuance of such RSU Shares will not violate any of the provisions of the Securities Act or the Exchange Act, any rules or regulations of the Securities and Exchange Commission (“SEC”) promulgated thereunder, or the requirements of applicable state or foreign law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules; provided that the delivery shall be made at the earliest date at which the Company reasonably anticipates that it will not cause such violation. The Company may also reasonably postpone the issuance of the RSU Shares in the event of the Grantee’s death until it receives such evidence as the Committee deems necessary to establish the validity of the issuance to the Grantee’s estate. Notwithstanding the provisions of this Section 9, the Company will not act in a manner as to cause the delivery of the RSU Shares to fail to be exempt from Section 409A or to comply with the requirements of Section 409A. The Grantee understands that the Company is under no obligation to register or qualify the RSU Shares with the SEC, any state securities commission or any securities exchange to effect such compliance.

Issuance of RSU Shares. On or as promptly as is practicable after the respective Delivery Date(s)Date, the Company will issue the RSU Shares registered in the name of the Grantee, the Grantee’s authorized assignee or the Grantee’s legal representative, as applicable, and, upon request, will deliver certificates representing the RSU Shares with the appropriate legends affixed thereto. The Company may reasonably postpone the issuance of the RSU Shares until it receives satisfactory proof that the issuance of such RSU Shares will not violate any of the provisions of the Securities Act or the Exchange Act, any rules or regulations of the Securities and Exchange Commission (“SEC”) promulgated thereunder, or the requirements of applicable state or foreign law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules; provided that the delivery shall be made at the earliest date at which the Company reasonably anticipates that it will not cause such violation. The Company may also reasonably postpone the issuance of the RSU Shares in the event of the Grantee’s death until it receives such evidence as the Committee deems necessary to establish the validity of the issuance to the Grantee’s estate. Notwithstanding the provisions of this Section 9, the Company will not act in a manner as to cause the delivery of the RSU Shares to fail to be exempt from Section 409A or to comply with the requirements of Section 409A. The Grantee understands that the Company is under no obligation to register or qualify the RSU Shares with the SEC, any state securities commission or any securities exchange to effect such compliance.

Issuance of RSU Shares. On or as promptly as is practicable after the respective Delivery Date(s), the Company will issue the RSU Shares registered in the name of the Grantee, the Grantee’s authorized assignee or the Grantee’s legal representative, as applicable, and, upon request, will deliver certificates representing the RSU Shares with the appropriate legends affixed thereto. The Company may reasonably postpone the issuance of the RSU Shares until it receives satisfactory proof that the issuance of such RSU Shares will not violate any of the provisions of the Securities Act or the Exchange Act, any rules or regulations of the Securities and Exchange Commission (“SEC”) promulgated thereunder, or the requirements of applicable state or foreign law relating to authorization, issuance or sale of securities, or until there has been compliance with the provisions of such acts or rules; provided that the delivery shall be made at the earliest date at which the Company reasonably anticipates that it will not cause such violation. The Company may also reasonably postpone the issuance of the RSU Shares in the event of the Grantee’s death until it receives such evidence as the Committee deems necessary to establish the validity of the issuance to the Grantee’s estate. Notwithstanding the provisions of this Section 9, the Company will not act in a manner as to cause the delivery of the RSU Shares to fail to be exempt from Section 409A or to comply with the requirements of Section 409A. The Grantee understands that the Company is under no obligation to register or qualify the RSU Shares with the SEC, any state securities commission or any securities exchange to effect such compliance.